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Volatility Bands Reversal Strategy [Long Only]

This strategy based on existng indicator available on TV

If finds the reversals for LONG entries ... I have modified the settings to back test it ...


BUY
====
When the price touches lower band , and tries to close above lower band

some signals are mixed up, you can research and look for a confirmation ...

if the middle band is above EMA50 , you can simply follow the strategy BUY signal
but if the middle band is EMA50 , wait for the price to close above middle band


Sell / Close
==========
wait for the sell signa OR close when price touches the upper band

How do you want to close , you can chose in settings. Chnage these values and see the performance

Please note , sell means just closing the existing LONG position , not short selling


Stop Loss
=========

Stop Loss is defaulted to 6%



This is tested in 1HR, 2HR and 4 HRs chart for SPY and QQQ ETFS ...

for long term investing style , 4 Hrs is the best time frme for this strategy

Warning
========
It is not a financial advise , it is for educational purposes only. Please do your own research before taking any trading decission
ediks123Moving AveragesQQQSPDR S&P 500 ETF (SPY) Trend AnalysisVolatilityvolatilitybands

نص برمجي مفتوح المصدر

قام مؤلف هذا النص البرمجي بنشره وجعله مفتوح المصدر، بحيث يمكن للمتداولين فهمه والتحقق منه، وهو الأمر الذي يدخل ضمن قيم TradingView. تحياتنا للمؤلف! يمكنك استخدامه مجانًا، ولكن إعادة استخدام هذا الرمز في المنشور يخضع لقواعد‎‎قوانين الموقع. يمكنك جعله مفضلاً لاستخدامه على الرسم البياني.

هل تريد استخدام هذا النص البرمجي على الرسم البياني؟

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